220 days ago
I start on the Yemen and why Malcolm is almost sackably wrong on all counts, I look at oil prices and what is really driving them ( hint, look at Darren’s photo from his window today) and at gold prices and a few gold stocks I own including Kefi Gold & Copper (KEFI), Ariana (AAU) and my biggest holding, Amaroq (AMRQ)
225 days ago
David Skarica, Publisher and Founder of Stock Chart Of The Day says that the current rate-cutting cycle by the Federal Reserve is driven by political pressure. He compares the current situation to previous cycles, noting that in 2008, the market was in a crash, while in 2019 and 1995, stocks were rallying before the rate cuts. Skarica also highlights that the bubbles in 2008 indicated that previous rate cut cycles did not immediately work, but this time, the economy has held up relatively well. He expresses the belief that this rate cut cycle will be different and that predictions of a significant market downturn may not necessarily come true.
395 days ago
In today’s bearcast I discuss what the BBC won’t be, yet more rain here in Greece. Then it is onto gold and my boredom. I discuss Ariana (AAU), Centamin (CEY), Kefi Gold & Copper (KEFI) – where I have swapped emails with ‘arry this weekend -, Amaroq (AMRQ) and Jubilee Metals (JLP).And yes there are now just 4 of 100 seats left for ShareStock. Ticket emails will be going out within 24 hours on logistics to those who have booked. If you have not, those 4 go on a first come first served basis HERE.
499 days ago
Asset manager Lawrence Lepard of Equity Management Associates is another cheery fellow, viewing the world economy as a construct where the rivets holding it together are continuing to snap. He says that we have had a number of bank failures in a matter of weeks, part of a larger pattern going back years and we are seeing large commercial mortgage failures and companies walking away. Lawrence believes more pain is yet to come in the banking sector, with one to two trillion in write downs. He says that the Fed is likely to intervene once again, and something is likely to break soon.
1098 days ago
I start with Bitcoin and sleepy Joe Biden’s new legislation, the Infrastructure Bill. Then it is Versarien (VRS), Biome (BIOM) and finally more on Union Jack (UJO), before I discuss Peter Brailey’s big oil call and what that means for gold stocks and how I might adjust my SIPP.
1546 days ago
I start with a look at Boohoo (BOO) shares in which a falling on back of reports in a paper founded on profits from the slave trade that suppliers in Leicester are using slave labour. Then I ask if Luke Johnson or I am more sociable and what this means about folks stopping working from home. Then onto gold stocks in general, Hummingbird (HUM), Kefi (KEFI), Red Rock Resources (RRR) and Ariana (AAU). I look at Amigo (AMGO) , Attis Oil (AOGL) and finally why today’s shocking Versarien (VRS) expose really could indicate a major scandal. Footnote:
1563 days ago
I start with a few other comments on Greek Hovel matters. Then I move on to talk about three companies which I shall be or are discussing with the FCA: Zenith (ZEN), Eqtec (DOG), and Verditek (VDTK). Then onto NatWest Group (NWG) where I apologise for my bad language. Finally my thoughts on the gold price and comments on gold stocks I own: Centamin (CEY), Ariana (AAU), Kefi (KEFI), Bluebird Merchant (BMV), and Xtract (XTR).
1670 days ago
I start with me reporting myself to the FCA as supporters of fraud and or corporate lying act like clowns once again. I discuss quite how scandalous it is that Legoland owner Merlin should get a cent of taxpayer cash. Then it is onto Avacta (AVCT) and gold stocks. Should we be banking gains? On the former I suggest yes on the latter I think not but offer a few notes of caution. Today is a day when I really start recording videos and podcasts for the ShareProphets Shares conference. I have just done a stormer with James Delingpole. It is now just two weeks away so book your seat now HERE.
1710 days ago
In a bearcast earlier this week I mentioned how the legendary gold stock picker Malcolm Burne was buying some Aussie miners as a currency and gold play and folks asked “but which ones?” So I asked Malcolm who said:
2156 days ago
The only technical analyst we rate, Jordan Roy Byrne explains why he is getting ever more excited about gold and gold stocks. His thesis:
The stock market is extremely oversold and should rally for a few months, which could coincide with a pullback in precious metals. When the market anticipates the first rate cut, the bull run in Gold will begin in earnest. This is all explianed in the latest video from Palisade Capital.
2198 days ago
Or they might not. But the potential is there warns the only technical analyst/chartist on this planet we pay any attention to, Jordan Roy-Byrne in the latest podcast from Palisade Capital.
2525 days ago
Gold Guru Adrian Day notes that only two gold stocks have outperformed gold itself in recent years. This underperformance is one of the reasons why many investors are not particularly interested in the sector. There are many inherent problems in mining, and poor management decisions exacerbate this.
2546 days ago
Technical Analyst Jordan Roy-Byrne's latest research unearths some interesting similarities with gold stocks compared to historical three-year bear markets. He found three that compare well; they are the S&P 500 during the great depression, the housing market during the global financial crisis, and Thailand in the mid-1990’s which had a huge bust. He describes how all of the recoveries afterward seem to follow a specific pattern and he sees that behavior in gold stocks. Those patterns ended after 14-24 months with prices moving upwards by 133% to 200%.
2593 days ago
So gold and gold stocks have started to rally. What next? Over to Jordan Roy Byrne for his technical analysis with the latest podcast from Palisade Capital
2633 days ago
Okay, broker Palisade Capital focuses on resource plays so it is talking its own book. With that caveat, a short note it put out the other day caught my eye. It wrote: When gold began to rally in late 2015, investors breathed a sigh of relief. The longest resource bear market was finally over, and capital slowly began finding its way back into the mining sector.
2681 days ago
We are seeing pretty classic gold action. Gold stocks are normally more volatile when compared to the regular markets. The U.S. system is currently very dysfunctional, nothing seems to get done, just like it was under Obama. Overall this will affect the psychology with the dollar. The Canadian dollar and gold charts look very similar since these are tied to natural resources. The Canadian dollar improvements in recent weeks have caused Canadian mining stocks to move up in US Dollar terms. We still need some sort of catalyst, an external event, some small drop in the markets to get things started. People are going to be surprised how quickly gold heads for the all-time high.
2700 days ago
This is not the normal fare from gold bulls Palisade Capital. The firm's technical analyst Jordan Roy Byrne is uber bearish warning that July will be awful for both gold and gold stocks. Watch the latest video from Jordan, for a TA saddo he is better than most. All we need now is the Sith Lord Zak Mir saying that the charts look bullish and the bear case would be complete.
2797 days ago
In this week's podcast from Palisade, Ali discusses how people compare the current financial situation to those of the past, however the big picture is usually different, as the underlying economic circumstances have changed. The US has real competitors unlike the 1950’s and the demographics are radically shifting. The US deficit will continue to grow in part due to baby boomer retirements, their pensions and health care.
2804 days ago
In this video Jordan Roy-Byrne of Palisade discusses the short-term upside potential in gold stocks and the key resistance levels. It would be a good sign for miners if they can test their February highs. Otherwise, the sector would remain in a trading range.
2880 days ago
Gold and gold stocks have begun their much anticipated oversold, post-tax loss bounce. Jordan Roy Byrne provides rally targets and discusses the implications for 2017 in the latest podcast and video from Palisade Capital.
2880 days ago
The precious metals sector, specifically Gold and gold stocks have been oversold for a while. They recently broke lower and have made a small bounce the past few days. They may have to drop further before a sustained rebound takes place. Jordan Roy Byrne also analyzes the US$ and how its strength could eventually help Gold bottom in the latest video from Palisade Capital.
2895 days ago
Post Fed meeting, the freefall in gold and gold stocks continues. It’s a perverse characteristic of investing that the narrative gets better as the market gets worse. Rick Rule believes that a 35-40% decline in gold stocks makes them 35-40% more attractive. The legendary boss at Sprott explains why in a special video with Palisade Capital.
2927 days ago
The Mrs was off getting her hair down ahead of a Christmas Party, the Cloudtag (CTAG) morons were harassing innocent folks to get at me and I was watching a film about submarines with baby Joshua. What a day of domestic bliss. Meanwhile I look at gold stocks and Avocet Mining (AVM) in particular. Then at Mosman Oil & Gas where the City's top oil analyst Zac "the Knife" Phillips needs fisking, Milestone Group (MSG), Avanti (AVN) and Strat Aero (AERO)
2951 days ago
A look at Gold and gold stocks and their trajectory going forward after completing what appears to be a short-term low. The latest podcast from Jordan Roy-Byrne at Palisade Capital.
3008 days ago
This short research note from Palisade Capital is interesting. It is just another way of explaining why gold is mis-priced and should be far higher, one reason we retain such a strong weighting in gold stocks in our portfolio. Palisade writes:
3014 days ago
Ok it may be technical analysis and, therefore, by definition utter cobblers but for those who are interested Jordan Roy Byrne at Palisade Capital remains bullish on all things golden. Let us hope that for once TA gives us a correct signal with his medium term targets.
3020 days ago
We are seeing a few weeks of rest in the junior mining space, and many are predicting a massive rally this fall. Markets move up when there are more buyers than sellers, and down when the opposite occurs. Both the metals, and mining equities markets are extremely well bid. If there is a break in the market it’s likely to be on the upside, not the downside. That is the key message from Rick Rule of Sprott in this week's podcast from Palisade Capital
3041 days ago
It often takes one year of gains for the typical investor to get interested in something in the stock market, which is where we are approaching with gold right now claims gold guru Mike Swanson. Investing in the first year of this bull market is a great strategy. The bull market for precious metals and mining stocks will likely last 3-5 years so Mike reckons you should be 20% invested in gold stocks and thinks this might be the biggest bull market we will see in our lifetime.
3059 days ago
In gold bull cycles, the junior mining companies represent the highest possible returns, especially for investors positioned early in a cycle. Commentator David Skarica believes that the next 6 to 12 months is a great time to position yourself. Historically, moves in the junior miner move between 3-5 years, and we are only 6 months into the current move! If you enter these cheap stocks right now, and invest in 20 or 30 companies, 5 or 6 of them will probably blast off, providing exceptional returns.
3076 days ago
Oh Goodie Goodie I hope Amanda van Dyke's colleague Jordan Roy Byrne is correct as we own a stack of gold shares. He argues that: Gold performed well last week but there is resistance at the $1300 mark. There are many factors in play causing volatility in the gold price but this has not effected the stocks which have performed well without any significant corrections.
3139 days ago
Will the rally in gold shares and the gold price continue? Yes. Well that is the view of technical analyst Jordan Roy Byrne of Amanda's pals at Palisade Capital. His most recent video explains why and is below. Natch all TA is bollocks but on this occasion I think he is right.
3292 days ago
As one of only two gold stocks I follow I thought it opportune to catch up with Amara Mining (AMA) and its CEO John McGloin. I do rate these shares as a buy. And so we chatted.
3749 days ago
Steve and I have avoided tipping gold stocks on our Nifty Fifty website but we made an exception for Amara Mining (AMA) suggesting readers pile in at a 15.75p offer. The shares are now 23p and there was cracking news a couple of days ago. This stock is starting to hum.
Amara Mining announced further drilling results from its Yaoure gold project in Côte d'Ivoire which “include exceptional intercepts, demonstrating high grade areas within the Yaoure Central Zone and the presence of mineralisation in ‘information gaps’” and “continue to confirm the high grade nature and continuity of the CMA zone”. These are expected to expand the mineral resource and reduce the strip ratio.
4373 days ago
I hope the sound and light work here. It was filmed in my father’s conservatory in Warwickshire – not exactly an ideal studio but then is not the BBC. That has to be a point in my favour. The video is about eleven and a half minutes long.
On the Agenda
1.Oil stocks – the reasons for selective bearishness
- funding issues, how the recent stream of drill failures have had a disproportionate impact on the ability to raise capital in this sector
4448 days ago
I first tipped AIM listed gold explorer and producer Shanta Gold (SHG) at 21.5p in July 2011 on the site I ran for 12 years until this September – t1ps.com. In my most recent performance stats (august 31st) it is in there at 20.5p but the shares are today trading at 29.25p and are still, very cheap. The Tanzanian based company is valued at £93 million, has cash and is now producing gold and material cashflows from its lead asset at Luika. I reckon that the stock is hugely undervalued. It really is a Red Hot Penny Share!
So what does Shanta own and what is it really worth?
4459 days ago
The Daily Telegraph reports that shares in AIM listed gold exploration company Ortac Resources (OTC) rose yesterday on the back of bid speculation. Yeah right. A story pumped to a daft journalist by someone looking to make a turn or just a way to fill up a line. If there was real bid speculation or activity the stock would have risen by a heck of a lot than 0.03p. Oooh are you saying that there is insider dealing in London? Er yes.
